iShares Latin America 40 ETF (ILF) Short Interest Up 59.4% in March

iShares Latin America 40 ETF (NYSEARCA:ILF) saw a large increase in short interest during the month of March. As of March 29th, there was short interest totalling 2,204,537 shares, an increase of 59.4% from the March 15th total of 1,382,900 shares. Based on an average daily trading volume, of 2,399,571 shares, the days-to-cover ratio is currently 0.9 days.

Several institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its stake in shares of iShares Latin America 40 ETF by 9.2% during the 4th quarter. Advisory Services Network LLC now owns 8,067 shares of the company’s stock valued at $249,000 after buying an additional 682 shares during the last quarter. B. Riley Financial Inc. lifted its stake in iShares Latin America 40 ETF by 11.7% during the third quarter. B. Riley Financial Inc. now owns 7,612 shares of the company’s stock worth $239,000 after purchasing an additional 800 shares during the last quarter. Bank of Nova Scotia lifted its stake in iShares Latin America 40 ETF by 20.0% during the fourth quarter. Bank of Nova Scotia now owns 10,350 shares of the company’s stock worth $319,000 after purchasing an additional 1,728 shares during the last quarter. CX Institutional bought a new position in iShares Latin America 40 ETF during the first quarter worth $72,000. Finally, Stifel Financial Corp lifted its stake in iShares Latin America 40 ETF by 10.7% during the fourth quarter. Stifel Financial Corp now owns 32,815 shares of the company’s stock worth $1,011,000 after purchasing an additional 3,170 shares during the last quarter.

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About iShares Latin America 40 ETF

iShares S & P Latin America 40 Index Fund, formerly iShares Latin America 40 ETF (the Fund), is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Latin America 40 (the Index). The Index consists of selected equities trading on the exchanges of five Latin American countries.